Human Resources as a Key Element in Strategic Planning
For an organization to succeed in
today’s economy, it must first engage in meticulous, quality-oriented strategic
planning. This is particularly true of an organization in a competitive and highly
regulated industry such as banking. Second, the organization must integrate and
maximize all of its resources. Unfortunately, the bank human resources executive is,
all too frequently, one of the most undervalued and underutilized resources available to
senior management.
All strategic plans consider, in one
form or another, human resources elements. However, many plans pay insufficient
attention to the contribution the human resources function can make to achieving the
organization’s corporate goals. Typically, the human resource executive is not
intimately part of the strategic planning process, and the human resources function is
neither understood nor respected by top management. When that happens, a vital
element of the success equation is lost.
The Changing Role of the Human
Resources Function
The
Human Resources Role in Strategic Planning
The HR
Element of a Strategic Plan
